What to Expect in the Week Ahead (Google and Tesla Earnings; GDP and PCE Data)
This week, investors should keep an eye on earnings reports from several key players, including Google and Tesla. Key economic data to watch for will include the release of the first estimate of second-quarter gross domestic product and the Federal Reserve's preferred inflation measure for June.
Follow-up of the "biggest IT failure in history": affecting 8.5 million devices, it will take weeks to fix.
The only way to solve this problem is to restart the computer and manually delete the CrowdStrike error file update, which requires manual access to each device.
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CrowdStrike Issues Statement Following Massive Outage That Stemmed From Content Update For Windows Hosts: 'This Was Not A Cyberattack'
CrowdStrike Holdings, Inc. (NASDAQ:CRWD) experienced a significant decline in its stock price following an incident involving a company update that affected products from Microsoft Corporation (
Another 600 Delta Flights Canceled After Global IT Outage, Travel Waiver Still in Effect
Elon Musk Says Tesla Deleted CrowdStrike From Its Systems But Was Not Untouched By Global IT Outage: 'Unfortunately, Many Of Our Suppliers...Use It'
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Friday said that the EV company was affected by the recent global IT outage which gave a 'seizure' to the automotive supply chain. What Happened: A software
Microsoft-CrowdStrike Issue Caused 'Largest IT Outage In History,' Showing How Much We Depend On A Handful Of Companies
The global IT outage, which has been attributed to a software update from cybersecurity firm CrowdStrike Holdings Inc. (NASDAQ:CRWD), has been described as the "largest IT outage in history,"
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
NetherRealm Disbands Mobile Team, Shutting Down Mortal Kombat: Onslaught
Warner Bros Discovery Inc's (NASDAQ:WBD) NetherRealm Studios, the renowned developer behind the Mortal Kombat franchise, is experiencing significant upheaval with a recent round of layoffs and the
'Blue Screen of Death' Adds to Tech Pain on Summer Friday | Wall Street Today
U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for there week following a semiconductor sector pullback.
Government Agency Advises Public Against Testing 911 In Wake of CrowdStrike Outage
As much as someone may be tempted to dial 911 to make sure the emergency number works following the widespread CrowdStrike outage, authorities are coming across with this simple message: Don't do it.
Catalyst Watch: Earnings Deluge, Farnborough Airshow, Paris Olympics, and Trump Talks Crypto
(CAT) - Analyzing Caterpillar's Short Interest
Caterpillar's (NYSE:CAT) short percent of float has fallen 11.25% since its last report. The company recently reported that it has 10.38 million shares sold short, which is 2.13% of all regular
Elon Musk Says CrowdStrike 'Deleted From All Our Systems'
SentinelOne Shares Climb As Investors Eye Cybersecurity Firms
SentinelOne, Inc. (NYSE:S) shares are trading higher Friday after a failed software update from CrowdStrike Holdings, Inc. (NASDAQ:CRWD) caused global outages.The Details:SentinelOne shares are
KraneShares Launches AGIX, the Latest AI Themed ETF to Hit the Market
Rep. Nancy Mace Post On X, "We've Requested Briefings From @CrowdStrike, @Microsoft and @CISACyber. We're Also Trying to Determine the Breadth of Impact, Especially Across the Federal Government at This Time. Cybersecurity and Tech Subcommittee on...
Rep. Nancy Mace Post On X, "We've Requested Briefings From @CrowdStrike, @Microsoft and @CISACyber. We're Also Trying to Determine the Breadth of Impact, Especially Across the Federal Government at
Goldman Sachs Analyst Stays Course On CrowdStrike Despite Outage, Expects Strong Company Reputation To Aid Recovery
CrowdStrike Holdings, Inc (NASDAQ:CRWD) shares are trading lower Friday after a significant outage that affected businesses worldwide following an update on its cloud software.On Thursday night, a